Their numbers are growing faster than the transactions they handle. A decade ago, Jackeline Muheirwe was the only mobile-money agent in her patch of Kampala, the Ugandan capital. These days there are ten others within a minute’s walk, taking in and giving out cash from shopfronts or colourful kiosks. “You can’t make money out of...
Most of Tanzania’s tourist attraction sites are famously known globally. Despite being some of the most iconic sites in Africa and the world, many of them are shallowly known. Today April 18, 2022, the Tanzania Royal Tour will be unveiled in New York, America, and President Samia Suluhu Hassan will be the guest of honour....
The Chikumbi-1 well will target a potential 3bn ft3 of in-place gas in the Ntorya accumulation. In an April 8 operations update, London-listed Scirocco Energy said that preparations had begun on the Chikumbi-1 well at the Ruvuma production sharing contract in Tanzania. The well is expected to be spudded in November 2022, with all of...
If time is money, then Beitbridge must be the most expensive place. Late last year, lorries carrying, among other things, cobalt from Congo, copper from Zambia and tea from Malawi snaked for miles as they waited to cross the Limpopo River into South Africa. Many were there for days. Some drivers bribe to the front;...
To ensure that SMEs in the mining sector benefit from the mining value chain, North Mara Gold Mine in Tanzania has announced that 15 local companies will graduate from its local business program. The program was launched last year November, 2021. Since then, four workshops and mentorships have already taken place purposely to build capacities...
Today, March 11, 2022, the Tanzania Revenue Authority (TRA) has asked businessmen conducting their businesses online to ensure that they are registered with the agency. TRA stated that the aim is to limit those who use such methods to evade paying tax. “We realize there are people who do not have shops and do not...
The 2022 Knight Frank Wealth Report released recently shows that dollar millionaires in Tanzania have grown with 45 more greenhorns. The 45 individuals join 2,554 other millionaires to make a total of 2,599 Tanzania millionaires. Compared to 2020, 2021 has witnessed a burst in the number of millionaires, giving hope to a better economy. According...
Cryptocurrencies are still gaining relevance with each coming day. Bitcoin, Ethereum and other blockchain members have been topics of discussion for so long, and now the newbie Non-fungible token (NFT) is by leaps and bounds taking over the popularity. NFT is a digital asset, a piece of art or video with a unique blockchain identification...
Salary explorer has released its statistics of the 10 highest paying African countries with two East African countries earning a seat at the feast. On number four is the East African country, Kenya where workers earn an average of Ksh 147,000 a month, approximately $1,291 and number 10 goes to Uganda with an average monthly...
The exchange rate means the value of a currency when converted to another during the trade. Our analysts painstakingly compared the currencies used across all fifty-four countries in Africa. This was done by converting 1000 in each of these currencies to the dollar. Now, before we go ahead and reveal the top ten strongest currencies...